Bye Bye ER2

so will i have to adjust to this new contract or what?

 

ICE says it can speed up growth in Russell futures:

http://www.reuters.com/article/mergersNews/idUSN1918359620070619

 

Over the last 3 months the average daily liquidity of the ER2 was around 200,000 contracts. Does anyone has an educated guess of how much of this liquidity will go to:

1. ICE for trading the new TF contract
2. CME for trading their new E-mini Small Cap Stock Index Futures Contracts
3. CME for switching and trading other E-Mini contracts?

 

Merc fills loss to ICE with S&P futures


http://www.chicagotribune.com/business/chi-wed_cbotjun20,0,2214508.story?coll=chi-business-hed

 

The longer CME kowtows to the pit, the more business they will lose. ER2 was one of their fastest growing products. If you lose your growth, then its hard to justify a lofty PE ratio.

The future is electronic trading without legacy impediments.

 

dang, now we have to pay more for the NYBOT data feed on Tradestation. but the exchange fee gets cut down by more than 1/3. I hope it doesn't screw everything up.